Global General Technologies (GLGT) Bio Tech China Merger

Global General Technologies (GLGT: PK) (www.glgt-corporate.com) is pleased to announce this update to its previous China merger candidate release. GLGT has reviewed a formal request from its M&A advisors of a China based "Environmentally Friendly Recyclable "Plastic Wood" Manufacturer and Distributor". GLGT management has completed its initial due diligence stage and the results look both encouraging and promising.

To that end, GLGT management can advise its followers of the following preliminary overview:

The merger targeted company (China Plastic Wood Company) is a manufacturer and a distributor. It occupies approximately 15,000 sq feet of operating and manufacturing capabilities, employs approximately 100 full and part time employees. The candidate manufactures Environmentally Friendly Recyclable "Plastic Wood". The end product is sold as park benches, storage sheds and various outdoor durable gardening utilities and similar, to name a few.

The merger candidate enjoys revenues of about $3 million USD annually, and shows a pretax profit margin of about 20%.

The name and details of the merger candidate will be released once the transaction is firm and/or finalized. However this merger is starting to solidify daily for GLGT.

The GLGT management, working in concert with its preferred shareholder and its MA advisors on this merger, is developing a complex preferred share exchange arrangement. The end result will see GLGT's current (both common and preferred) share structure unchanged and undisturbed after the merger. The China Plastic Wood Company would over time acquire preferred shares and have an option to convert these preferred shares at a significantly higher strike price than what GLGT is currently trading at. Simply put, it's a merger based on the targeted merger company being able to meet and exceed both management and long term shareholders reasonable expectations.

The current management and their advisors are mindful that a large portion of GLGT shareholders entry point is in the "penny and several penny range" and this merger is being crafted with all of this under consideration.

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CONTACT: www.glgt-corporate.com; For any corporate matters, please contact www.minamargroup.com/helpdesk; Investor Relations Department, (302) 357-9915 (IR), 1st Level Support Retail Clients General Inquiry, 1-800-365-4331 (M&A), Corporate Matters, www.minamargroup.com (M&A), www.minamargroup.net (IR)

SOURCE Global General Technologies, Inc

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